How To Become An Assistant Credit Manager: What It Is and Career Path

What is an assistant credit manager and how to become one

Updated January 8, 2025

4 min read

An assistant credit manager is in charge of assessing potential customer files to verify their credit worthiness. He/she follows all the guidelines, policies, and procedures in place to inform decisions as to whether or not to grant a credit facility to a particular customer. Assistant credit managers also supervise a team of credit managers in conducting research, due diligence, repayment, and interest computations and report writing.

An assistant credit manager typically reports to the credit manager. They work closely with sales personnel, debt collectors and other executives to properly execute their role. To succeed in their role, they should have a strong math ability, organizational skills, communication skills, negotiation skills, analytical skills, and attention to detail. They should also be professional, confident, and motivated when they collect payments.

Assistant credit managers work full time 40 hours per week from Monday to Saturday between 9 and 5. They may be required to work additional hours in the evenings past and during the weekends depending on the workload.

ScoreAssistant Credit ManagerUS Average

Salary

4.6

Avg. Salary $58,664

Avg. Salary $59,228

Stability level

9.5

Growth rate 17%

Growth rate 0.3%

Diversity

3.4

Race

American Indian and Alaska Native 0.34%

Asian 8.19%

Black or African American 7.78%

Hispanic or Latino 14.97%

Unknown 4.11%

White 64.61%

Gender

female 55.61%

male 44.39%

Age - 46

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 46

Stress level

9.5

Stress level is very high

7.1 - high

Complexity level

9.2

Complexity level is advanced

7 - challenging

Work life balance

4.9

Work life balance is fair

6.4 - fair

Key steps to become an assistant credit manager

Explore assistant credit manager education requirements

Most common assistant credit manager degrees

Bachelor's

56.5 %

Associate

18.9 %

High School Diploma

10.7 %

Start to develop specific assistant credit manager skills

Skills	Percentages
Financial Statements	11.68%
Credit Limits	6.34%
Past Due Accounts	6.08%
Credit Card Payments	5.82%
Delinquent Accounts	4.75%

Complete relevant assistant credit manager training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New assistant credit managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an assistant credit manager based on U.S. Bureau of Labor Statistics data and data from real assistant credit manager resumes.

Research assistant credit manager duties and responsibilities

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Prepare your assistant credit manager resume

When your background is strong enough, you can start writing your assistant credit manager resume.

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